topic Is the deposit for setting up water service on a rental property deductible? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-the-deposit-for-setting-up-water-service-on-a-rental-property-deductible/01/414462#M16982 <P>When I transferred the water account in my name, the city required to pay a deposit for setting up the service. Is the deposit considered an expense? Utility expense?<BR /></P> Tue, 04 Jun 2019 20:47:20 GMT mkochins 2019-06-04T20:47:20Z Is the deposit for setting up water service on a rental property deductible? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-the-deposit-for-setting-up-water-service-on-a-rental-property-deductible/01/414462#M16982 <P>When I transferred the water account in my name, the city required to pay a deposit for setting up the service. Is the deposit considered an expense? Utility expense?<BR /></P> Tue, 04 Jun 2019 20:47:20 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/is-the-deposit-for-setting-up-water-service-on-a-rental-property-deductible/01/414462#M16982 mkochins 2019-06-04T20:47:20Z Utility deposits are not considered an expense because yo... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/utility-deposits-are-not-considered-an-expense-because-yo/01/414468#M16984 <P>Utility deposits are not considered an expense because you should get that money back in the future.<BR /></P> Tue, 04 Jun 2019 20:47:21 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/utility-deposits-are-not-considered-an-expense-because-yo/01/414468#M16984 IreneS 2019-06-04T20:47:21Z